-- Chinese equities were muted as investors are still cautious over the ongoing Middle East conflict and hopes of the U.S. and Iran potentially resuming negotiations.
The Shanghai Composite Index moderately rose to finish Wednesday at 4,027.21. The Shenzhen Component Index, however, lost 1%, or 141.50 points, to 14,498.46.
Pressure is racking among global trade partners amid the U.S. blockage of the Strait of Hormuz, with the US President Donald Trump and Chinese President Xi Jinping set to meet in the coming weeks.
There are still expectations that the U.S. will conduct a second round of discussions with Tehran despite the talks in Pakistan falling apart.
In corporate news, Guangdong Dowstone Technology (SHE:300409) dropped 6% despite its 2025 attributable profit surging 223% year on year to 506.8 million yuan and its first-quarter attributable profit soaring 146% from a year earlier to 107.7 million yuan.
FSPG Hi-Tech (SHE:000973) dipped 4% after forecasting that its first-quarter attributable profit will surge 1,993% to 2,664% to between 530 million yuan and 700 million yuan.
Ninestar (SHE:002180) jumped 6.3%, although it swung to a net loss attributable to shareholders of 718.2 million yuan, or 0.51 yuan per share, in 2025.